Backblaze
BLZE · NASDAQ
Key indicators
BLZE profitability and balance sheet ratios
EPS -$0.0837 in Q2 FY26, against -$0.1276 a year earlier.
| Period | EPS |
|---|---|
| Q3 FY24 | -$0.2931 |
| Q4 FY24 | -$0.298 |
| Q1 FY25 | -$0.1725 |
| Q2 FY25 | -$0.1276 |
| Q3 FY25 | -$0.0663 |
| Q4 FY25 | -$0.0931 |
| Q1 FY26 | -$0.1037 |
| Q2 FY26 | -$0.0837 |
Where the money went
Q2 FY26, from revenue to net income
Backblaze brought in $42.7M of revenue in Q2 FY26, +17.7% on a year earlier. It made a net loss of $5.1M.
- Revenue
- $42.7M
- Costs, expenses and taxes
- $47.8M
- Net income
- −$5.1M
- Net margin
- -11.9%
Income statement
Revenue and profit by reporting period
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Revenue | $37.8M | $38.7M | $42.7M |
| Gross profit | $23.4M | $23.5M | $26.8M |
| Operating income | −$4.7M | −$5.4M | −$4.2M |
| Net income | −$5.4M | −$6.1M | −$5.1M |
| Diluted EPS | -$0.09 | -$0.10 | -$0.08 |
Balance sheet
What the company owns and owes at period end
| Line item | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Total assets | $191.8M | $192.7M | $223.8M |
| Total liabilities | $108.6M | $108.0M | $135.3M |
| Shareholder equity | $83.2M | $84.6M | $88.5M |
| Cash and short-term investments | $51.4M | $45.5M | $49.9M |
| Total debt | $36.2M | $38.8M | $46.7M |
Cash flow
Cash in and out from operations, investing and financing
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Operating cash flow | $9.3M | $3.4M | $10.4M |
| Investing cash flow | −$3.1M | $0.3M | −$2.1M |
| Financing cash flow | −$6.1M | −$6.6M | −$2.2M |
| Capital expenditure | −$1.9M | −$0.7M | −$0.8M |
| Free cash flow | $7.4M | $2.7M | $9.6M |
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